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This article has been cross-posted on Triple Crisis. Ukraine
is the latest country faced by a debt crisis to be forced into the arms of the
IMF. The reality of the situation was pithily expressed by the Ukrainian Prime
Minister, Arseniy Yatseniuk, who recently said
he “will meet all IMF conditions… for a simple reason… we don’t have any other
options.”
Eurodad has, over the past decade, produced several reports criticising the excessive and often harmful conditions that the IMF attaches to its loans. The IMF claims to have seen the light and limited its conditions to critical reforms agreed by recipient governments. We decided to put that claim to the test in our latest report, published on Wednesday (April 2nd), and examined all the policy conditions attached to ...